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© 2020 by HailSolve

Headquarters

HailSolve

33 Music Square West

Suite 110A

Nashville, TN 37203

 

info@hailsolve.com

Tel: 888.498.4245

LATENT HAIL RISK

Hail damage can pose a serious risk to commercial real estate investors.  This severe weather can damage expensive building mechanicals and disrupt roof membranes, often causing massive leaks that drain reserves and strain tenant relations.  

An even greater risk to investors is hail damage that occurs but is never properly identified (latent hail damage).  Latent hail damage takes time to reveal itself, creating small leaks that appear without notice.  The financial strain of latent hail damage can reverberate through all areas of an organization.

Latent Hail Damage: Hail that has physically damaged a building envelope but has not been properly identified

  • Ties Up Capital

  • Decreases Cash Flow

  • Strangles Asset Yield

  • Creates Tenant Frustrations

  • Missed Opportunities

  • Drains Reserves

  • Unexpected Repairs

According to the National Oceanic and Atmospheric Administration (NOAA) approximately 6,000 hail events occur each year resulting in $15 billion of damage.  These alarming numbers are amplified by the statistic that 30% of hail events are never reported.  Property owners, especially those with large roof footprints (commercial investors) should be concerned about the risk of hail damage to their assets, especially damage that has happened but has never been identified.  

$15 BILLION

Hail damage in the United States  has steadily increased since 2008 with current numbers ranging between $10-$20 billion a year

6,000

Approximately 6,000 hail events occur n the United States every year

30%

On average 30% of hail events go unreported

DIFFICULT TO IDENTIFY

  • Damage can be concealed or camouflaged depending on the building component's age, color, and cleanliness

  • Hail often causes damage that doesn't immediately reveal itself

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  • Damage can be mistaken as natural characteristic of a roof at the end of its life cycle

  • Slow leaks caused by hail damage may not manifest until years later

OFTEN MISIDENTIFIED

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  • More than 30% of hail events are not reported (American Meteorological Society, 2017)

  • Many hail events happen during off-business hours when witnesses are not around

EVENTS ARE UNDER REPORTED

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  • Hail damage can take on many different forms making it difficult to spot consistent patterns

  • Hail fall concentrations and size can vary even within a short distance

WEATHER DATA IS INCONSISTENT

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Receive a complimentary portfolio review

Request a complimentary portfolio review for latent hail damage risk.  HailSolve's team of specialists will utilize state-of-art technologies and processes to deliver a custom review that will recommend which assets should receive further investigation.